Eurozone PMI Hits 10-Month Low as Services Join Manufacturing in Contraction
👉 Eurozone Composite PMI falls to 48.1 in November, a 10-month low, as both services and manufacturing contract sharply
👉 Manufacturing output declines for the 20th consecutive month, with new orders falling at the fastest pace seen in 2024
👉 Services sector enters contraction for the first time in 10 months, led by steep activity declines in Germany and France
👉 Business confidence drops to a 14-month low, with waning optimism across services and growing challenges in demand
👉 Inflation pressures rise in the services sector, driven by wage growth, while manufacturing sees falling input and output costs
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👉 Eurozone Composite PMI falls to 48.1 in November, a 10-month low, as both services and manufacturing contract sharply
👉 Manufacturing output declines for the 20th consecutive month, with new orders falling at the fastest pace seen in 2024
👉 Services sector enters contraction for the first time in 10 months, led by steep activity declines in Germany and France
👉 Business confidence drops to a 14-month low, with waning optimism across services and growing challenges in demand
👉 Inflation pressures rise in the services sector, driven by wage growth, while manufacturing sees falling input and output costs
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UK PMI Drops Below 50: Manufacturing and Services Hit 13-Month Lows in November
👉 UK PMI drops to 49.9, ending 12 months of growth as private sector activity contracts for the first time since October 2023
👉 Manufacturing PMI falls to 48.6, a 9-month low, reflecting the steepest decline in orders and output since February
👉 Services PMI stagnates at 50.0, signaling no growth as business activity hits a 13-month low with cautious client spending
👉 Rising payroll costs and weak demand lead to UK job cuts in November, marking the steepest manufacturing decline in nine months
👉 Business confidence plummets to its lowest since December 2022, with firms citing policy disincentives and subdued domestic demand
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👉 UK PMI drops to 49.9, ending 12 months of growth as private sector activity contracts for the first time since October 2023
👉 Manufacturing PMI falls to 48.6, a 9-month low, reflecting the steepest decline in orders and output since February
👉 Services PMI stagnates at 50.0, signaling no growth as business activity hits a 13-month low with cautious client spending
👉 Rising payroll costs and weak demand lead to UK job cuts in November, marking the steepest manufacturing decline in nine months
👉 Business confidence plummets to its lowest since December 2022, with firms citing policy disincentives and subdued domestic demand
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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC nears $100K as SEC’s Gensler tenders resignation
📈 Bitcoin hit a new all-time high of $99,299 on Friday, inches to the $100K milestone
⚠️ Ethereum is nearing its $3,454 weekly resistance; a firm close above suggests a continuation of the rally to $4,000
✅ Ripple price sustained its break above the $1.37 daily resistance, indicating further gains
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📈 Bitcoin hit a new all-time high of $99,299 on Friday, inches to the $100K milestone
⚠️ Ethereum is nearing its $3,454 weekly resistance; a firm close above suggests a continuation of the rally to $4,000
✅ Ripple price sustained its break above the $1.37 daily resistance, indicating further gains
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Crude Oil ticks back up in the green after US PMI show pickup in activity
👉 Crude Oil back on track for 5% weekly gain after volatile Friday ride
👉 US PMI release revealed US economy exceptionalism back on track
👉 The US Dollar Index broke a fresh two-year high and gets to keep those gains heading into the last trading hours for this week
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👉 Crude Oil back on track for 5% weekly gain after volatile Friday ride
👉 US PMI release revealed US economy exceptionalism back on track
👉 The US Dollar Index broke a fresh two-year high and gets to keep those gains heading into the last trading hours for this week
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U.S. Dollar Tests Yearly Highs As Rally Continues: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
⚠️ EUR/USD is under strong pressure as traders focus on disappointing PMI reports
📉 GBP/USD tested new lows as UK Retail Sales declined by 0.7% in October
👉 USD/JPY settled below the strong resistance at 155.00 - 155.50
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⚠️ EUR/USD is under strong pressure as traders focus on disappointing PMI reports
📉 GBP/USD tested new lows as UK Retail Sales declined by 0.7% in October
👉 USD/JPY settled below the strong resistance at 155.00 - 155.50
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Gold (XAU) Price Forecast: Traders Eye $2,790 as Geopolitical Risks Remain Elevated
✅ Gold surged 5.97% last week, closing at $2,716. Safe-haven demand and Fed rate expectations drove the rally
📈 Gold closed above $2,663, a key pivot level. Analysts eye $2,790 as the next major target if momentum continues
👉 Geopolitical tensions, including Russia-Ukraine strikes, added $170 to gold prices from November’s $2,536 low
👉 Markets anticipate a 53% chance of a Fed rate cut in December, keeping gold appealing as a non-yielding asset
⚠️ Fed comments and mixed U.S. economic data shaped gold’s rally, balancing job strength with manufacturing weakness
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✅ Gold surged 5.97% last week, closing at $2,716. Safe-haven demand and Fed rate expectations drove the rally
📈 Gold closed above $2,663, a key pivot level. Analysts eye $2,790 as the next major target if momentum continues
👉 Geopolitical tensions, including Russia-Ukraine strikes, added $170 to gold prices from November’s $2,536 low
👉 Markets anticipate a 53% chance of a Fed rate cut in December, keeping gold appealing as a non-yielding asset
⚠️ Fed comments and mixed U.S. economic data shaped gold’s rally, balancing job strength with manufacturing weakness
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Oil News: Will Russia-Ukraine Tensions Drive Crude Prices Past Key Resistance?
📈 Crude oil surged 6.46% last week, driven by escalating Russia-Ukraine tensions and a rebound in Chinese demand
⚠️ Traders eye $71.53 resistance after last week’s gains. A breakout could push crude prices toward the key $74.42 level
👉 Russia-Ukraine tensions stoke fears of oil supply disruptions, elevating geopolitical risks for the energy market
✅ China’s policies to boost energy imports signal rising crude demand, offsetting bearish global economic concerns
👉 OPEC+ supply signals and geopolitical developments could shape next week’s crude price outlook amid key resistance tests
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📈 Crude oil surged 6.46% last week, driven by escalating Russia-Ukraine tensions and a rebound in Chinese demand
⚠️ Traders eye $71.53 resistance after last week’s gains. A breakout could push crude prices toward the key $74.42 level
👉 Russia-Ukraine tensions stoke fears of oil supply disruptions, elevating geopolitical risks for the energy market
✅ China’s policies to boost energy imports signal rising crude demand, offsetting bearish global economic concerns
👉 OPEC+ supply signals and geopolitical developments could shape next week’s crude price outlook amid key resistance tests
@news_finance
S&P500: Healthcare Stocks Shine as Retail Earnings Drag Broader Market
👉 S&P500 gains 0.1% as healthcare stocks rise; Dow drops 245 points, dragged down by Amgen’s 11% decline
👉 Healthcare stocks surge as Biden proposes Medicare, Medicaid coverage for weight-loss drugs
👉 Trump’s tariff proposals spark trade concerns, automaker stocks fall; Ford down 2%, GM tumbles 7%
📉 Kohl’s shares drop 17% after third-quarter earnings miss, with comparable sales falling 9.3%
👉 New home sales plunge 17% in October, missing forecasts as mortgage rates climb to 6.72%
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👉 S&P500 gains 0.1% as healthcare stocks rise; Dow drops 245 points, dragged down by Amgen’s 11% decline
👉 Healthcare stocks surge as Biden proposes Medicare, Medicaid coverage for weight-loss drugs
👉 Trump’s tariff proposals spark trade concerns, automaker stocks fall; Ford down 2%, GM tumbles 7%
📉 Kohl’s shares drop 17% after third-quarter earnings miss, with comparable sales falling 9.3%
👉 New home sales plunge 17% in October, missing forecasts as mortgage rates climb to 6.72%
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Crypto Today: SEI, Fantom and SUI emerge as top gainers, while Morocco moves to legalize crypto
📉 On Tuesday, the cryptocurrency sector valuation tumbled toward $3.05 trillion, down by $300 billion in the last 48 hours
🟥 The crypto market is on course to register two consecutive losing days for the first time since Trump’s re-election on November 5
👉 Crypto market liquidations hit $570 million, with the $460 million in long positions already closed accounting for 80% of the losses
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📉 On Tuesday, the cryptocurrency sector valuation tumbled toward $3.05 trillion, down by $300 billion in the last 48 hours
🟥 The crypto market is on course to register two consecutive losing days for the first time since Trump’s re-election on November 5
👉 Crypto market liquidations hit $570 million, with the $460 million in long positions already closed accounting for 80% of the losses
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Canadian Dollar struggles on Tuesday, tests 55-month low
👉 The Canadian Dollar took a plunge on Crude Oil weakness on Tuesday
👉 Canada is almost entirely absent from the economic calendar this week
👉 Geopolitical headlines about Israel-Hezbollah ceasefire stabilize energy markets
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👉 The Canadian Dollar took a plunge on Crude Oil weakness on Tuesday
👉 Canada is almost entirely absent from the economic calendar this week
👉 Geopolitical headlines about Israel-Hezbollah ceasefire stabilize energy markets
@news_finance
Stellar (XLM) Eyes 60% Jump Following XRP’s Climb Toward $2 Milestone
✅ XLM is nearing a potential 60% rally, fueled by an ascending triangle breakout targeting $0.86
📈 Stellar's 87% positive correlation with XRP strengthens its bullish outlook amid XRP’s strong November gains
👉 XRP's rally, boosted by regulatory developments, could drive similar bullish sentiment for Stellar
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✅ XLM is nearing a potential 60% rally, fueled by an ascending triangle breakout targeting $0.86
📈 Stellar's 87% positive correlation with XRP strengthens its bullish outlook amid XRP’s strong November gains
👉 XRP's rally, boosted by regulatory developments, could drive similar bullish sentiment for Stellar
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Hang Seng Index Climbs on Stimulus as the Nikkei Drops on BoJ Bets – Weekly Recap
👉 Hang Seng Index rebounds 1.01% as Beijing stimulus hopes counteract US tariff fears and global economic uncertainty
👉 China's Central Economic Work Conference sparks speculation on bold consumer-focused stimulus measures
👉 China NBS private sector PMIs hold above 50 in November ahead of potential US tariffs
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👉 Hang Seng Index rebounds 1.01% as Beijing stimulus hopes counteract US tariff fears and global economic uncertainty
👉 China's Central Economic Work Conference sparks speculation on bold consumer-focused stimulus measures
👉 China NBS private sector PMIs hold above 50 in November ahead of potential US tariffs
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BTC Price Forecast: Can Bitcoin Break $100K as ETF Flows Shift?
👉 Bitcoin holds above $95K despite a 1.14% pullback; Weekly ETF outflows stall momentum toward the critical $100K milestone
👉 US BTC-spot ETF inflows hit $6.68B in November, marking the highest monthly inflows since the product's launch in January 2024
👉 BlackRock’s Bitcoin ETF leads with $5.33B in November inflows, impacting BTC demand-supply dynamics and boosting market optimism
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👉 Bitcoin holds above $95K despite a 1.14% pullback; Weekly ETF outflows stall momentum toward the critical $100K milestone
👉 US BTC-spot ETF inflows hit $6.68B in November, marking the highest monthly inflows since the product's launch in January 2024
👉 BlackRock’s Bitcoin ETF leads with $5.33B in November inflows, impacting BTC demand-supply dynamics and boosting market optimism
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Japanese Yen Weekly Forecast: Will USD/JPY Break 145 on December BoJ Rate Bets?
📉 USD/JPY falls 3.23% to 149.707 as BoJ rate hike bets rise; key Japan data and US labor data could drive further volatility
⚠️ Economists predict household spending to drop 2.6% YoY, potentially dampening demand-driven inflation in Japan
⚠️ US labor data, including JOLTs and payrolls, may drive Fed rate expectations, influencing USD/JPY price levels
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📉 USD/JPY falls 3.23% to 149.707 as BoJ rate hike bets rise; key Japan data and US labor data could drive further volatility
⚠️ Economists predict household spending to drop 2.6% YoY, potentially dampening demand-driven inflation in Japan
⚠️ US labor data, including JOLTs and payrolls, may drive Fed rate expectations, influencing USD/JPY price levels
@news_finance
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Silver (XAG) Forecast: As Jobs Report Looms, Can $30.44 Pivot Steer Silver Higher?
👉 Silver’s $30.44 pivot sets the tone for next week as jobs data, dollar, and yields drive potential market volatility
⚠️ A break below $30.44 could push silver toward $29.00, while reclaiming $32.26 may spark a potential rally
👉 Dollar index closed at 105.782, easing pressure on silver but keeping it bearish after November’s 2.31% decline
👉 Falling Treasury yields at 4.18% may support silver, but Federal Reserve uncertainty limits upside potential
⚠️ Geopolitical risks, including tariff proposals, add complexity to silver’s safe-haven appeal next week
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👉 Silver’s $30.44 pivot sets the tone for next week as jobs data, dollar, and yields drive potential market volatility
⚠️ A break below $30.44 could push silver toward $29.00, while reclaiming $32.26 may spark a potential rally
👉 Dollar index closed at 105.782, easing pressure on silver but keeping it bearish after November’s 2.31% decline
👉 Falling Treasury yields at 4.18% may support silver, but Federal Reserve uncertainty limits upside potential
⚠️ Geopolitical risks, including tariff proposals, add complexity to silver’s safe-haven appeal next week
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Oil News: Will More Aggressive OPEC+ Supply Cuts Reverse the Bearish Trend?
📉 Crude oil futures plunged 4.55% this week to $68. Will OPEC+ cuts and strong demand stabilize prices in December?
👉 Resistance at $71.53 capped crude oil’s gains, pushing prices toward $66.53 support. Can OPEC+ prevent deeper losses?
👉 Geopolitical stability reduced risk premiums, but Iran’s regional role keeps traders cautious. Will tensions reignite?
👉 U.S. crude inventories fell 1.84M barrels, signaling demand strength, but gasoline stockpiles showed mixed consumption trends
👉 Oversupply fears persist as the IEA forecasts a surplus of 1M barrels per day by 2025, weighing on the long-term oil outlook
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📉 Crude oil futures plunged 4.55% this week to $68. Will OPEC+ cuts and strong demand stabilize prices in December?
👉 Resistance at $71.53 capped crude oil’s gains, pushing prices toward $66.53 support. Can OPEC+ prevent deeper losses?
👉 Geopolitical stability reduced risk premiums, but Iran’s regional role keeps traders cautious. Will tensions reignite?
👉 U.S. crude inventories fell 1.84M barrels, signaling demand strength, but gasoline stockpiles showed mixed consumption trends
👉 Oversupply fears persist as the IEA forecasts a surplus of 1M barrels per day by 2025, weighing on the long-term oil outlook
@news_finance
Natural Gas News: Will Reaction to $3.444 Trigger a Monday Gap Opening?
👉 Natural gas futures face volatile swings; $3.444 resistance holds the key to bullish or bearish moves this week
👉 Traders eye $3.444 resistance and $3.118 support as pivotal levels shaping natural gas futures’ weekly outlook
👉 Midwest cold boosts heating demand; December weather forecasts remain uncertain for natural gas traders
👉 EIA reports modest 2 Bcf draw, far below the 30 Bcf five-year average, reinforcing ample supply concerns
👉 Natural gas inventories stand 7.2% above seasonal norms, pressuring prices despite increasing heating degree days
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👉 Natural gas futures face volatile swings; $3.444 resistance holds the key to bullish or bearish moves this week
👉 Traders eye $3.444 resistance and $3.118 support as pivotal levels shaping natural gas futures’ weekly outlook
👉 Midwest cold boosts heating demand; December weather forecasts remain uncertain for natural gas traders
👉 EIA reports modest 2 Bcf draw, far below the 30 Bcf five-year average, reinforcing ample supply concerns
👉 Natural gas inventories stand 7.2% above seasonal norms, pressuring prices despite increasing heating degree days
@news_finance
Gold (XAU) Price Forecast: Will Jobs Data Push the Fed to Cut Rates and Lift Gold?
👉 Upcoming NFP report could push the Fed toward a rate cut, potentially driving gold prices higher this week
👉 Persistent geopolitical risks, including Russia-Ukraine tensions, continue to support safe-haven demand for gold
👉 A stronger dollar ahead of jobs data and inflation reports may weigh on gold, limiting near-term recovery prospects
👉 Core PCE inflation complicates Fed rate cut expectations, adding uncertainty to the gold price outlook for December
👉 Gold traders watch key resistance near $2,663, with economic data this week likely to set the next major price move
@news_finance
👉 Upcoming NFP report could push the Fed toward a rate cut, potentially driving gold prices higher this week
👉 Persistent geopolitical risks, including Russia-Ukraine tensions, continue to support safe-haven demand for gold
👉 A stronger dollar ahead of jobs data and inflation reports may weigh on gold, limiting near-term recovery prospects
👉 Core PCE inflation complicates Fed rate cut expectations, adding uncertainty to the gold price outlook for December
👉 Gold traders watch key resistance near $2,663, with economic data this week likely to set the next major price move
@news_finance
